Gold Movement
Gold prices traded lower by 0.41% against the USD in the 24 hour period ending 23:00GMT, at 1562.15 per ounce, as fears that Greece is closer to abandoning the Euro-bloc led investors to shift preference to the US Dollar.
In the Asian session, at GMT0300, Gold is trading at 1560.5, 0.11% lower from yesterday’s close.
Gold is expected to find support at 1541.05, and a fall through could take it to the next support level of 1521.59. Gold is expected to find its first resistance at 1572.38, and a rise through could take it to the next resistance level of 1584.25.
The yellow metal is trading between its 20 Hr and 50 Hr moving averages.